Glencore International PLC, St. Helier (GLNCY) Stock Rating Lowered by Zacks Investment Research
Glencore International PLC, St. Helier (NASDAQ:GLNCY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “Glencore Plc operates as a diversified natural resource company. It operates in three groups: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore. The Energy Products segment includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities. The Agricultural Products segment focuses on grains, oils/oilseeds, cotton and sugar. The Company’s operations consist of mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. It is a producer and marketer of commodities, such as mobile phones, bicycles, cutlery, plastics and electricity. Glencore Plc, formerly known as Glencore Xstrata PLC, is headquartered in Baar, Switzerland. “
GLNCY has been the subject of a number of other reports. Morgan Stanley cut Glencore International PLC, St. Helier from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of Glencore International PLC, St. Helier in a report on Thursday, September 22nd. Credit Suisse Group AG raised Glencore International PLC, St. Helier from a “neutral” rating to an “outperform” rating in a report on Monday, September 19th. Liberum Capital raised Glencore International PLC, St. Helier from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Finally, Societe Generale raised Glencore International PLC, St. Helier from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.75.
Shares of Glencore International PLC, St. Helier (NASDAQ:GLNCY) opened at 5.66 on Wednesday. The firm’s 50-day moving average is $5.11 and its 200-day moving average is $4.53. Glencore International PLC, St. Helier has a 1-year low of $1.95 and a 1-year high of $5.72. The stock’s market capitalization is $40.26 billion.
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